Midday update for Brent oil 03-08-2022

Economies.com
2022-08-03 10:38AM UTC

Brent oil price shows additional negative trades to approach the key support 102.25, waiting to break this level to confirm rallying towards our next negative target that reaches 99.25, to keep the bearish trend scenario valid and active conditioned by the price stability below 105.75.

 

The expected trading range for today is between 100.00 support and 105.75 resistance.

 

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The expected trend for today: Bearish

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